Nestled within the historic heart of Portimão’s ARU Zone, this exceptional mixed-use building offers a prime location at the Town Hall Square, just a short stroll—less than 200 meters—from the scenic riverside area, featuring a stunning terrace with panoramic views of the Arade River. Spanning over 180 square meters of versatile space, the property currently achieves a solid return of approximately 6.2%, with significant potential to increase yields to as much as 8-10% through strategic upgrades and development. Benefiting from excellent accessibility, it includes convenient underground parking located within 30 meters. The building hosts a lively commercial component, including a restaurant and an ice cream parlor, complemented by a bustling neighborhood filled with bars, restaurants, pharmacies, clinics, and diverse retail options. A large supermarket, Pingo Doce, is conveniently located just 200 meters away. For investors, this property offers compelling fiscal advantages, including a reduced VAT rate of only 6%, ideal for hospitality ventures such as a boutique hostel, given its prestigious historic setting. It also features an Energy Certification, demonstrating efficiency and environmental responsibility. An outstanding opportunity for investors seeking to diversify their portfolio with a prominent property in Portimão’s vibrant ARU Zone—schedule your viewing today and unlock the full potential of this remarkable location.

Commercial property

Data source: https://www.rightmove.co.uk/properties/162441482?currencyCode=GBP#/?channel=OVERSEAS